[Congressional Record Volume 143, Number 156 (Saturday, November 8, 1997)]
[Senate]
[Page S12209]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


                   PERMISSION TO CONVEY CERTAIN LANDS

  Mr. CRAIG. Mr. President, I ask unanimous consent that the Commerce 
Committee be discharged from further consideration of S. 1347, and that 
the Senate then proceed to its immediate consideration.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The clerk will report.
  The legislative clerk read as follows:

       A bill (S. 1347) to permit the City of Cleveland, Ohio to 
     convey certain lands that the U.S. conveyed to the city.

  The PRESIDING OFFICER. Is there objection to the immediate 
consideration of the bill?
  There being no objection, the Senate proceeded to consider the bill.
  Mr. CRAIG. Mr. President, I ask unanimous consent that the bill be 
read three times and passed, the motion to reconsider be laid upon the 
table, and that any statements relating thereto be placed in the Record 
at the appropriate place as if read.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The bill (S. 1347) was passed, as follows:

                                S. 1347

       Be it enacted by the Senate and House of Representatives of 
     the United States of America in Congress assembled,

     SECTION 1. DEFINITIONS.

       For purposes of this section, the term ``fair market 
     value'' shall have the meaning provided that term by the 
     Secretary of Transportation, by regulation.

     SEC. 2. AUTHORITY TO GRANT WAIVERS.

       (a) In General.--Notwithstanding any other provision of law 
     and subject to section 47153 of title 49, United States Code, 
     and section 3, the Secretary of Transportation may waive any 
     of the terms contained in the deed of conveyance described in 
     subsection (b).
       (b) Deed of Conveyance.--The deed of conveyance described 
     in this subsection is the deed of conveyance issued by the 
     United States and dated January 10, 1967, for the conveyance 
     of lands to the city of Cleveland, Ohio, for use by the city 
     for airport purposes.

     SEC. 3. CONDITIONS.

       (a) Fair Market Value or Equivalent Benefit.--As a 
     condition to receiving a waiver under this section, the city 
     of Cleveland, Ohio, may convey an interest in the lands 
     described in section 2(b) only if the city receives, in 
     exchange for the interest--
       (1) an amount equal to the fair market value of the 
     interest; or
       (2) an equivalent benefit.
       (b) Use of Amounts or Equivalent Benefits.--Any amount or 
     equivalent benefit that is received by the city of Cleveland 
     shall be used by the city for--
       (1) the development, improvement, operation, or maintenance 
     of a public airport; or
       (2) lands (including any improvements to those lands) that 
     produce revenues that are used for airport development 
     purposes.

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